Appraisal Exam Practice / Expert
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Terms in this set (100)
,The opinion of as of the effective date of the appraisal
value in an only
appraisal report is
valid
An appraisal The contract price of the property
report is NOT
required to
include
Which value Income approach
approach would
most likely be
emphasized for an
apartment
building in an
established
neighborhood?
A vacant land $192,000
parcel described
as the NE 1/4 of
section 17 is selling
for $1,200 per
acre. What is the
sale price of the
parcel?
The most probable selling price to a
Market value is
typical buyer
, amount, in dollars, actually paid for the
Market price is the
property
The cost approach Net operating income
does NOT require
an estimate of
When using the Future income is always more valuable
income approach, than present income
appraisers do NOT
assume that
Using the $34,600
information in the
following table,
calculate
depreciation using
the age-life
method.
Replacement
cost-$173,000
Effective age-15
years
Remaining
economic life-60
years
The single most Location
important value
factor is
, Which Scarcity and utility
characteristics
create value in real
estate?
The four broad Economic, governmental, social, and
forces which affect physical
value are
A neighborhood's Change
life cycle is an
example of
In analyzing a Its highest and best use
vacant size to
estimate its value,
the first step is to
determine
If a developer $39,945
purchased a lot
measuring 348' x
1,000' and the sale
price was $5,000
per acre, how
much did the
developer pay?
Verified Actual Questions & Answers
for Guaranteed Pass | Newest Update,
.
Save
Practice questions for this set
Learn
Studied 7 terms
Nice work, you're crushing it
Continue studying in Learn
Terms in this set (100)
,The opinion of as of the effective date of the appraisal
value in an only
appraisal report is
valid
An appraisal The contract price of the property
report is NOT
required to
include
Which value Income approach
approach would
most likely be
emphasized for an
apartment
building in an
established
neighborhood?
A vacant land $192,000
parcel described
as the NE 1/4 of
section 17 is selling
for $1,200 per
acre. What is the
sale price of the
parcel?
The most probable selling price to a
Market value is
typical buyer
, amount, in dollars, actually paid for the
Market price is the
property
The cost approach Net operating income
does NOT require
an estimate of
When using the Future income is always more valuable
income approach, than present income
appraisers do NOT
assume that
Using the $34,600
information in the
following table,
calculate
depreciation using
the age-life
method.
Replacement
cost-$173,000
Effective age-15
years
Remaining
economic life-60
years
The single most Location
important value
factor is
, Which Scarcity and utility
characteristics
create value in real
estate?
The four broad Economic, governmental, social, and
forces which affect physical
value are
A neighborhood's Change
life cycle is an
example of
In analyzing a Its highest and best use
vacant size to
estimate its value,
the first step is to
determine
If a developer $39,945
purchased a lot
measuring 348' x
1,000' and the sale
price was $5,000
per acre, how
much did the
developer pay?
